New York
New York’s tourism industry faces long recovery
A new forecast projects New York’s tourism industry might not recover from its pandemic-related woes for at least four...
Hotels
The Latest
National
80% of NYC hotels backing CMBS loans show signs of distress
The travel industry has been so ravaged by the coronavirus that even a vaccine may not come soon enough...
National
Studies suggest targeted lockdowns of restaurants, gyms, hotels to curb Covid
Going to a restaurant, gym or hotel? It may not be as safe as you’d think. A new study...
National
Hard-hit retail, restaurants, construction show big jobs gains in October
A handful of industries that have sustained the most damage from the pandemic reported the biggest job gains in...
National
Stemming losses, Hilton sets sights on office workers instead of tourists
Hilton Worldwide Holdings is still bleeding cash, but its CEO is confident the troubles are just temporary. “We’ll see...
National Issue
Poor hospitality: Hotel owners in big cities hit major tipping point
All of the lights in the Hilton Times Square have been pitch black for weeks — one of several...
National
Starwood scores $265M refi for portfolio of InTown, Uptown hotels
Starwood Capital Group secured $265 million in refinancing for a portfolio of 58 extended-stay and midscale hotels nationwide, representing...
National
Hotels pivot to office space to stanch losses
Hotels across the country are pivoting to become offices as a way to survive the pandemic. In New York,...
National
Leisure and hospitality gain 318K jobs in September as economic growth lags
The leisure and hospitality industry led employment gains in September with 318,000 jobs added to the economy, trouncing the...
National
Trump tests positive for coronavirus
President Donald Trump and his wife, Melania Trump, have tested positive for the coronavirus, the president tweeted early Friday morning. “Tonight, @FLOTUS and I tested positive for Covid-19,” he wrote. “We will begin our...